Toyota Camry Depreciation & Resale Value

The 2023 Camry is our best all-around pick in the current dataset. Its median asking price is $25,855, only $1,839 more than the 2022, while its average mileage is about 12,121 miles lower. It is also a late-cycle version of the 2018-2024 generation, after Toyota introduced Safety Sense 2.5+ for 2021. That does not make every 2023 better than every 2022: condition, service history, accident history, trim, and local price should decide between two specific cars. Compare at least three local examples and negotiate from the cleanest comparable car, not the national median alone.

Start with the 2015 Camry LE. The current median ask is $13,740, and 2015 received a substantial redesign to the body, cabin, and chassis. The tradeoff is mileage: the listings in our sample average 112,456 miles. At this price and age, buy the best-documented car rather than the cheapest one. Confirm maintenance history, inspect for collision repair and corrosion, scan for warning codes, and pay for an independent pre-purchase inspection. Keep part of the budget for age-related service instead of spending the full $15,000 on the purchase itself.

It can be. In this snapshot, the 2025 median ask is $29,167, only $2,468 more than the 2024 median. The 2025 begins the hybrid-only generation and offers electronic all-wheel drive, so that small observed gap favors the newer car. But near-new pricing changes quickly. Compare exact trims, equipment, mileage, warranty start dates, financing, and out-the-door totals; a discounted new 2025 or 2026 can beat an overpriced used one even when the sticker price looks higher. Verify whether a used listing was a rental, service loaner, or dealer demo before treating low age as low use.

Our unadjusted cross-year sample makes hybrids look stronger, but it does not prove the powertrain causes better resale. Hybrid listings skew newer, especially because every 2025-and-newer Camry is a hybrid, while the gas sample contains many older cars. Compare gas and hybrid cars from the same model year with similar trim, mileage, condition, and original MSRP. Then add expected fuel savings for your annual mileage. Use the EPA annual fuel-cost estimate as a common baseline, then substitute your local fuel price and driving pattern. That produces a useful ownership decision; one blended retained-value percentage does not.

24.7% of Camrys in our listing sample have more than 100,000 miles, and cars with at least 120,000 miles have a median asking price around $12,092. That shows an active high-mileage market, not a guarantee that any individual car has remaining life. A high-mileage Camry can be sensible when the service history is complete, wear items are priced into the deal, the body is structurally sound, and an independent inspection is clean. Ask the inspector to distinguish normal wear from deferred repairs and price each near-term item. Deferred maintenance can erase the purchase-price savings quickly.

Our mileage-adjusted fitted curve estimates that a Toyota Camry loses about 23.4% of its original value after five years, retaining roughly 76.6%. That is based on 3,401 listings across multiple model years, with asking prices adjusted toward an estimated sale price. It is a model-level trajectory, not a quote for a specific VIN. Your purchase price, trim, mileage, condition, accident history, location, and the new-car market at the time you sell can move the result materially. For a real purchase, calculate the dollar loss from the price you negotiate, not from an abstract national MSRP.

Use the count as a prompt to investigate, not as an automatic rejection. NHTSA complaint totals are not failure rates: older years have had more time to accumulate reports, popular years put more vehicles on the road, and one issue can generate many similar complaints. Open the model-year page, read the complaint categories, check open recalls by VIN, and ask whether documented repairs were completed. Separate a safety recall with a defined remedy from an unverified owner complaint, because they carry different evidence and next steps. The specific car's inspection and history matter more than a raw count without a sales or exposure denominator.